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Europe Daily Bulletin No. 7870

23 December 2000
Contents Publication in full By article 15 / 54
GENERAL NEWS / (eu) eu/brazil
EIB grants loan of $80 million for Volkswagen factories

Luxembourg, 22/12/2000 (Agence Europe) - The European Investment Bank is granting a loan of $80 million (around EUR 91 million) for the modernisation of two factories of Volkswagen do Brasil (VWB), a subsidiary of the Volkswagen group. The investment is intended for the production of small passenger cars mainly for the Latin-American market. "The new vehicles will be conform to European and Brazilian environmental and safety standards", stresses the EIB in its press release, adding that the...

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THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION